Credit Authorization
1. Credit Authorization Terms
By submitting a request through happymoney.com, you authorize participating network lenders and their authorized agents to perform a credit evaluation to assess your request. This authorization allows lenders to verify the information you provided and to obtain consumer reports as part of their underwriting process.
2. Credit Reporting Agencies
Participating lenders may verify your information using consumer reporting agencies, including Equifax, Experian, TransUnion, or alternative consumer reporting databases. The specific agencies used depend on the lender's policies and underwriting requirements.
3. Soft vs. Hard Inquiry Disclosure
HappyMoney rate matching uses a soft credit inquiry, which does not impact your credit score. If you choose to proceed with a specific lender after being connected, that lender may perform a hard credit inquiry as part of their final approval process. A hard inquiry may affect your credit score and will appear on your credit report.